Category Archives: Business

Happy New Year
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While many people are making their New Years Resolutions about health and wellness, consider committing to your financial wellbeing too! Here are a few things to think about when writing down your 2022 goals. Top up your TFSAs or consider making a regular contribution The new maximum limit for 2022 is $6,000, however if you have not maximized your contributions in previous years then you will have more than the annual limit to contribute. If you don’t have the cash available for a larger deposit, you could consider making regular bi-weekly or monthly contributions throughout the calendar year to maximize…

Are Your Investments Helping or Hurting the Planet?
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Given the focus on the environment during our recent election, and the ongoing global attention to climate change, I thought this would be a good time to address how the investment community is responding. You may be surprised. Pension and investment managers have always screened for risks before purchasing any company’s stock or bond issues. These risks were typically financial in nature; like how much debt the company has, where they stack up against their competitors, the quality of the company management, and whether there is future growth for their product or service, and ultimately more profit. Increasingly we are…

The Trump/Clinton Effect
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I should probably have called this article The Trump/Clinton Non-Effect. There is plenty of discussion about what the repercussions would be on business and the markets if either of these candidates become President. I have been talking to various money managers and market analysts to get their take on what to expect. I thought you might be interested in some of their insights. First of all, I have to disclose that I prefer to place my own and my client’s money with portfolio managers who tend to have concentrated portfolios of companies that they know extremely well. Whether we own…

The Power Of Habit
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Part of being a really good financial advisor lies not only with investment selection or the ‘numbers’ of financial management, but with understanding human behavior, and how that can assist or impair an individual to achieving success. I recently read a book that can help all of us in our search to live a better life. The Power of Habit by Charles Duhigg shares the most recent research done to figure out why we do what we do in life and business. By understanding how our brains work (habits become very ingrained), we can then modify our behaviours to create new habits.…

Our New Brand
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Over the past few months you may have heard some news about a name change to our DundeeWealth business. As of today, November 1st, 2013, the DundeeWealth advisor network, owned by Scotiabank, has adopted a new brand identity – HollisWealth™. A little history Scotiabank acquired DundeeWealth in 2011 at which time The Bank of Nova Scotia and Dundee Corporation entered into several agreements regarding the trademarks used by the businesses. One of these agreements licensed the use of the DundeeWealth trademark to the Bank and this license expires on February 1st, 2014. This is why the new brand name HollisWealth…